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Peer Chen was a struggling musician living in New Orleans, when that didn’t work out he moved back to New York in 2009 and founded and launched Kickstarter.

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Peer Chen along with American media editor Yancey Stricker and American Web designer Charles Adler came together to create Chen’s idea of the website, Kickstarter.

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In order to get the necessary partners with the skill sets to help Chen with his business, he had to live in New York and work out of his apartment or bar he met his friends at.

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Charles Adler made Chen’s dream a reality with his techy, computer skills and With the help of Strickler and Chen, Kickstarter quickly became the largest Website devoted to crowdfunding.

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The company generated its revenue by assessing a fee of 5 percent from projects that reached or surpassed their funding targets. Projects that did not meet their funding goals within a specified time period did not receive any money pledged to them, and they were not subjected to the fee.

https://www.britannica.com/biography/Perry-Chen

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In 2014, Chen stepped down as chief executive officer of Kickstarter and left the role to co-founder Yancey Strickler. December 2014.

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By 2020, Kickstarter has funded more than a hundred thousand projects from investor donations totaling several billion dollars. The projects ranged from helping individual artists and musicians complete and promote their work to covering the development and production costs of an independent film or a video gaming system.